I've cut parental involvement in risky investment (7,7)
I believe the answer is:
venture capital
'risky investment' is the definition.
(I've seen this before)
'i've cut parental involvement' is the wordplay.
'involvement' indicates anagramming the letters.
'ive'+'cut'+'parental'='ivecutparental'
'ivecutparental' with letters rearranged gives 'VENTURE CAPITAL'.
'in' acts as a link.
(Other definitions for venture capital that I've seen before include "Money riskily put in" , "money invested" , "Risky investment" , "source of high-risk investment" .)